Norske Skog, a Dutch paper products firm, has sold its paper mill Parenco in Renkum and recovered paper business Reparco to H2 Equity Partners, and cash worth €30m is expected to be released from the deal. H2 is expecting good growth ...
Tags: Norske Skog, H2, packaging paper
ABB has announced that Michel Demar will step down as ABB Chief Financial Officer and member of the Executive Committee.He has been appointed as the new Chairman of the Board of Syngenta beginning in April 2013 and will in the future focus ...
Tags: Michel Demar, CFO of ABB
US retailer Kroger has increased its full-year profit forecast after reporting a rise in third-quarter earnings. In the three-month period ended 3 November, earnings climbed to US$316.5m from $195.9m a year earlier, which included a ...
Tags: Kroger, profit, earnings rise, profit forecast
Gulf LPG Transport Company, a Qatari liquefied petroleum gas shipping company owned jointly by Milaha and Nakilat has secured financing amounting to USD 200 million from Qatar National Bank in a deal brokered by Nakilat, Qatar's premier gas ...
Convenience food group Greencore has reported a rise in third-quarter sales, boosted by growth across its business. The company today (31 July) posted a 6.7% increase in underlying sales for the 13 weeks to 29 June. The 6.7% "core ...
Tags: Greencore, sales, underlying sales, company news
Some solar makers believe the merger between Neo Solar Power (NSP) and DelSolar, a subsidiary of Delta Electronics, will not affect the industry significantly. Nevertheless, this will set a good example for the industry to increase the ...
Tags: industry, NSP, cooperation, market
Pan-Asian retailer Dairy Farm International Holdings has said it is trading ahead of last year, with growth recorded across the majority of its business. The company said sales and earnings increased in the period from 1 July to 6 ...
Tags: Dairy Farm, food trading, food industry, company news
Spanish food group Ebro Foods has recorded an increase in profit in the first nine months of the year driven by the integration of businesses acquired last year and innovation. Ebro posted a net profit of EUR110m (US$141.6m) in the ...
Tags: profit rise, Ebro Foods, acquisition, food industry
Swiss food ingredients group Givaudan has booked an increase in first-half profits. In the six months to the end of June, net profit increased 67.5% to CHF201m (US$207.9m). Operating profit amounted to CHF295m, a 27.7% increase on the ...
Tags: food ingredients, flavours, fragrances, net profit
Concern over the impact higher pig prices could have on UK meat processor Cranswick sent the company's shares falling today (8 October). Cranswick, which reported a 6% increase in first-half sales, said the increasing cost of animal feed ...
Tags: Pig Prices, Cranswick Shares, meat processor
The Andhra Pradesh government recently requested the Railways to set up a rail coach building factory in Rayalaseema region of the state to contribute to its development and generate employment. Mr N Kiran Kumar Reddy CM requested Union ...
Tags: railways, rail coach building factory, Rayalaseema, wagon factory
French vegetable processor Bonduelle has booked an increase in full-year earnings, with sales growth outside of Europe offsetting weakness on the continent while cost cutting initiatives and lower financing costs boosted the bottom line. ...
Tags: vegetable processor, net income, Bonduelle
Scottish farmer-owned co-operative ANM Group has announced plans to sell its Scotch Premier Meat and Yorkshire Premier Meat businesses following a strategic review of its operations. In a statement yesterday (19 July), the company said ...
Tags: meat processing, Premier Meat, Meat, Meat businesses
Cherokee Inc.a leading innovator and global marketer of style-focused lifestyle brands around the world reported financial results for the third quarter ended October 27,2012. Net revenues were$6.7 million for the quarter,up from$6.0 ...
Tags: financial results, net revenues, Tesco
Industrial Alliance Insurance and Financial Services has acquired its subsidiary, Industrial Alliance Pacific Insurance and Financial Services, effective 30 June 2012. As per the merger agreement inked, the former Industrial Alliance ...
Tags: Industrial Alliance, subsidiary, strong financial position